UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): October 1, 2018
SONOCO PRODUCTS COMPANY
Commission File No. 001-11261
Incorporated under the laws | I.R.S. Employer Identification | |
of South Carolina | No. 57-0248420 | |
1 N. Second St.
Hartsville, South Carolina 29550
Telephone: 843/383-7000
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company ¨
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards pursuant to Section 13(a) of the Exchange Act. ¨
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
¨ | Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
¨ | Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
¨ | Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
¨ | Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Section 5 – Corporate Governance and Management
Item 5.02 | Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. |
Theresa Drew was elected to the Sonoco Board of Directors on October 1, 2018.
Ms. Drew, 61, is managing partner for the Carolinas Practice of Deloitte LLP, where she is currently responsible for the strategic direction of Deloitte's activities across North and South Carolina serving clients in a variety of industries, including manufacturing, consumer business and hospitality. Ms. Drew joined Deloitte in 1979 and became a partner in 1991. She served in a variety of leadership roles, including managing partner of the San Diego practice and audit partner-in-charge in Phoenix before assuming leadership of the Carolinas practice in 2011.
With the election of Ms. Drew, Sonoco has increased its board of directors to 13 members. Ms. Drew has been appointed to serve on the Financial Policy and Employee and Public Responsibility Committees of the Board, and she is expected to join the Audit Committee at a later date.
The Company has not entered into any material contracts, plans or arrangements with Ms. Drew. There are no family relationships between Ms. Drew and any other executive officer or director of the Company, and there are no arrangements or understandings pursuant to which she has been appointed. There are no transactions between the Company and Ms. Drew that would constitute related person transactions under Item 404(a) of Regulation S-K.
Section 9 – Financial Statements and Exhibits
Item 9.01 | Financial Statements and Exhibits |
(d) Exhibits.
99 |
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
SONOCO PRODUCTS COMPANY | ||||||
Date: October 3, 2018 | By: | /s/ Barry L. Saunders | ||||
Barry L. Saunders Senior Vice President and Chief Financial Officer | ||||||
EXHIBIT 99
October 1, 2018
Contact:Roger Schrum
+843-339-6018
roger.schrum@sonoco.com
Theresa Drew Elected to Sonoco’s Board of Directors
HARTSVILLE, S.C., U.S. - Theresa Drew, managing partner for the Carolinas Practice of Deloitte LLP, has been elected to the Board of Directors of Sonoco Products Company (NYSE: SON), effective today. With the election, Sonoco has increased its board of directors to 13 members.
Harris E. DeLoach, Jr., executive chairman of Sonoco, said, “We are very pleased to have Theresa joining Sonoco’s Board as she brings deep accounting, finance and governance experience to the Company. As a financial expert, she will be joining the Board’s Audit Committee and will also be a member of the Employee and Public Responsibility Committee.”
Drew, 61, has nearly four decades of accounting experience with Deloitte and is currently responsible for the strategic direction of Deloitte’s activities across North and South Carolina serving clients in a variety of industries, including manufacturing, consumer business and hospitality. Since assuming leadership of the Carolinas practice in 2011, she has overseen the growth of the practice from 600 to more than 1,700 professionals. Drew became a partner with Deloitte in 1991, and has served in a variety of leadership roles, including managing partner of the San Diego practice and audit partner-in-charge in Phoenix. She joined Deloitte in 1979, after graduating summa cum laude from Northern Arizona University with a B.S. in accountancy. Drew is a Certified Public Accountant and was honored by the North Carolina Association of CPAs with the 2016 Woman to Watch Experienced Leader Award, crediting her as a pioneer in the advancement of women leaders.
Drew resides in Charlotte, N.C., and is a member of the Charlotte Executive Leadership Council, the International Women’s Forum and the National Association of Corporate Directors. She has served on multiple boards of non-profit organizations, including currently serving as a trustee of the University of North Carolina at Charlotte and the Charlotte Chamber of Commerce. She was recognized by Queens University as the 2017 Charlotte Business Woman of the Year and by the Charlotte Business Journal as a Most Admired CEO.
About Sonoco
Founded in 1899, Sonoco (NYSE: SON) is a global provider of a variety of consumer packaging, industrial products, protective packaging, and displays and packaging supply chain services. With annualized net sales of approximately $5 billion, the Company has 21,000 employees working in approximately 300 operations in 33 countries, serving some of the world’s best known brands in some 85 nations. Sonoco is committed to Better Packaging. Better Life., and ranked first in the Packaging sector on Fortune’s World’s Most Admired Companies 2018 list. For more information, visit www.sonoco.com.
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1 North Second Street
Hartsville, S.C. 29550 USA
843/383-7794
www.sonoco.com